Thursday, 18 September 2014

Archive

IMF Estimates 5 Percent Growth in 2010

Audio & VIdeo

Audio
  • Chun Sakada's report aired 10 September, 2010

Chun SakadaVOA Khmer

The International Monetary Fund predicts an economic growth rate as high as 5 percent for 2010, thanks to recovery in garment exports and tourism.

The IMF said 2009 had seen a shrinking of the economy by 2 percent in the wake of the global economic crisis, but there are signs of growth, especially in the two chief earners.

“Real GDP growth is projected to reach 4.5 to 5 percent in 2010, a significant turnaround from 2009,” the IMF’s senior economist for Asia and the Pacific, Olaf Underoberdoerster, told reporters Friday following a 10-day mission. “A broadening export-led recovery has taken hold since the beginning of the year.”

Some economic cool spots remain. Construction activity remained “sluggish,” Underoberdoerster said, with related imports low, “while a late start of the rainy season may dent agricultural output growth.”

Still, Cambodia’s economy could grow even further into 2011 and 2012, he said.

Cambodia will also benefit from an increase in the labor force and a relatively young population, but it will have to improve its business environment to make it more competitive, he said.

Cambodia should also focus on improving public service delivery and ensure public investment was targeted at areas for “high return in key infrastructure and social priority sectors,” he said.

Underoberdoerster also stressed the promotion of agriculture and rural infrastructure as means to broaden future growth.

“Improving the quality and dissemination of key economic statistics will serve to further enhance policy credibility and result in better informed business decisions,” he said.

Meanwhile, Yim Sovann, a spokesman for the opposition Sam Rainsy Party, said 5 percent growth was not enough when put against the population growth rate and inflation.

Improvements need to be made in the fight against corruption and the distribution of economic wealth “for all, with equity,” he said.

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
US Activists Express Disappointment With Opposition in Cambodiai
X
15 September 2014
Cambodian human rights and democracy activists in the US have split opinions on the deal cut between the ruling party and the opposition in July, ending a political deadlock that had lasted since the July 2013 elections. In a recent discussion in Virginia, outside Washington, many said they felt the Cambodia National Rescue Party had betrayed its supporters in making the deal with the ruling Cambodian People’s Party. (Pin Sisovann, Washington)

English with Mani & Mori

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Make It Two (Movie: A Walk to Remember)i
X
12 September 2014
You can say, "Make it two, please!" What does it mean? Watch here. For more videos - go to www.khmer.voanews.com/maniandmori or www.youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Make It Two (Movie: A Walk to Remember)

You can say, "Make it two, please!" What does it mean? Watch here. For more videos - go to www.khmer.voanews.com/maniandmori or www.youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Ballpark Figure (Movie: Music and Lyrics)

You can say, "I'm going to throw a pool party this weekend, so can you give me a 'ballpark figure' of how many people are going to come?" What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Twist Someone's Arm (Movie: Cinderella Man)

You can say, "Every time I want my sister to clean her room, I always have to 'twist her arm' to get her to do it." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Doze Off (Movie: Hairspray)

You can say, "I don't know why, but every time I eat 'prahok' (Cambodian anchovy) I find myself 'dozing off' all the time." What does it mean? Watch here. For more videos - go to facebook.com/voakhmer or youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.
See more >>>